December 28, 2016: OSFI plays hide and seek with UNAQTR list changes [UPDATED]

Read the notice below – you’ll see what I mean… (color highlingting mine)

This notice is directed to the attention of all banks, authorized foreign banks, trust and loan companies, cooperative credit societies, life insurance companies, property and casualty insurance companies and fraternal benefit societies.

On December 23, 2016, His Excellency the Governor General in Council, on the recommendation of the Minister of Public Safety and Emergency Preparedness, pursuant to subsection 83.05(1)(a) of the Criminal Code, made the Regulations Amending the Regulations Establishing a List of Entities to add two entities and associated aliases to the list and to remove three entities and associated aliases from the list

The Regulations Amending the Regulations Establishing a List of Entities were published on December 28, 2016 and may be found on the Part II: Official Regulations section of the Canada Gazette Web site at: http://www.gazette.gc.ca/rp-pr/p2/2016/2016-12-28/html/sor-dors320-eng.php.

The tables posted on the OSFI Web site have been updated to incorporate the amendments, which have been bolded for ease of reference.

The Criminal Code requires every federally regulated financial institution to review its records on a continuing basisFootnote 1 to determine whether they are in possession or control of property owned or controlled by or on behalf of an entity listed by the Regulations (Listed Entity) and:

  • Report immediately to the RCMP and CSIS (contact details below) any property of a Listed Entity in its possession or control that has been frozen; and
  • Report monthly to the relevant regulator, which, in the case of federally regulated financial institutions, is the Office of the Superintendent of Financial Institutions (OSFI) on the aggregated value of frozen property in its possession.

Luckily, the Regulations make it very clear what was added: 

Al Qaida in the Indian Subcontinent (AQIS) (also known among other names as Qaedat al-Jihad in the Indian Subcontinent, and Jamaat Qaidat al Jihad fi Shibh al Qarrah al Hindiyah (Organisation of the Base of Jihad in the Indian Subcontinent))

Indian Mujahideen (IM) (also known among other names as Indian Mujahedeen, Indian Mujahidin, and Islamic Security Force – IM (ISF-IM)) 

and what was deleted: 

Al-Ittihad Al-Islam (AIAI)

Islamic Army of Aden (IAA) (also known among other names as the Islamic Army of Aden-Abyan (IAAA), the Aden-Abyan Islamic Army (AAIA), Aden Islamic Army, Islamic Aden Army, Muhammed’s Army / Army of Mohammed and the Jaish Adan Al Islami)

Autodefensas Unidas de Colombia (AUC) (also known among other names as Colombian United Self-Defense Groups, Autodéfenses unies de Colombie and United Self-Defense Forces of Colombia)

I like my clarity clear, don’t you?

Update: Turns out that the anti-terrorism tables on the OSFI web site are not exclusively the purview of the UN’s ISIL (Da’esh) and Al-Qaida Sanctions Committee. One of the sources is this Canadian Regulations Establishing a List of Entities, which is where these changes emanate. It still would be nice, however, if the news release could be clearer as to where the affected listings are.

Link:

OSFI Notice

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